Latest Currency News Continued - page 3
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GBP to CAD Exchange Rate Climb Away from Week Worst amid Canada’s Trade and Economic Jitters
6 Nov 2019 at 1 PM - Written by Tim Boyer
STORY LINK GBP to CAD Exchange Rate Climb Away from Week Worst amid Canada’s Trade and Economic Jitters
The British Pound to Canadian Dollar (GBP/CAD) exchange rate has been trending lower this week, but the pair is up on yesterday’s levels as the Canadian Dollar is weakened by the latest market concerns over Canada’s trade and economy. Concerns that the Bank of Canada (BoC) could take a more dovish stance on monetary policy have been weighing on the ‘Loonie’, making it easier for Sterling to edge higher again despite a lack...
CATEGORIES: Pound Canadian Dollar Forecasts
Euro Pound (EUR/GBP) Exchange Rate Muted Ahead of BoE Meeting
5 Nov 2019 at 12 PM - Written by John Cameron
STORY LINK Euro Pound (EUR/GBP) Exchange Rate Muted Ahead of BoE Meeting
Euro Pound Sterling (EUR/GBP) Exchange Rate Left Flat as Eurozone PPI Falls to Three-Year Low
The Euro Pound Sterling (EUR/GBP) exchange rate was left flat on Tuesday, with the pairing trading at around £0.8617.
Sterling was left under pressure at the start of the week thanks to disappointing PMI data and ahead of the upcoming Bank of England (BoE) monetary policy meeting.
It is expected that the bank’s meeting on...
CATEGORIES: Euro Pound Forecasts
GBP/AUD Exchange Rate Hits Half-Month-Worst Following Reserve Bank of Australia Decision
5 Nov 2019 at 11 AM - Written by Frank Davies
STORY LINK GBP/AUD Exchange Rate Hits Half-Month-Worst Following Reserve Bank of Australia Decision
Despite some weak Australian retail sales data at the beginning of the week, Australian Dollar investors were relieved by a fairly neutral tone from the Reserve Bank of Australia (RBA) today, knocking the British Pound to Australian Dollar (GBP/AUD) exchange rate down as the ‘Aussie’ advanced. The Pound’s movement has remained volatile and narrow, as markets await UK election developments and brush over the latest UK...
CATEGORIES: Pound Australian Dollar Forecasts
Euro US Dollar (EUR/USD) Exchange Rate Muted as US-China Trade War Drags on Manufacturing
4 Nov 2019 at 4 PM - Written by John Cameron
STORY LINK Euro US Dollar (EUR/USD) Exchange Rate Muted as US-China Trade War Drags on Manufacturing
Euro US Dollar (EUR/USD) Exchange Rate Flat as US-China Tensions Weigh on US Manufacturing
The Euro US Dollar (EUR/USD) exchange rate was left muted and the pairing is currently trading at around $1.1155.
The US Dollar was left under pressure as data revealed new orders for US goods slumped more than expected in September.
This implies manufacturing remains soft as the US-China trade war which has gone on for 16 months...
CATEGORIES: American Dollar Forecasts Euro Forecasts
GBP to NZD Exchange Rate Tumbles as New Zealand Dollar Capitalises on Rival Weakness
4 Nov 2019 at 12 PM - Written by Ben Hughes
STORY LINK GBP to NZD Exchange Rate Tumbles as New Zealand Dollar Capitalises on Rival Weakness
While investors have had little fresh reason to move on the Pound so far this week, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has been falling as the New Zealand Dollar takes advantage of the market’s risk-sentiment and weakness in its rival, the Australian Dollar. This has left the New Zealand Dollar as one of the market’s best-performing major currencies today, continuing weeks of downside movement for...
CATEGORIES: Pound New Zealand Dollar Forecasts
GBP to USD Exchange Rate Drops from Weekly Highs on US Non-Farm Payrolls
1 Nov 2019 at 1 PM - Written by Minesh Chaudhari
STORY LINK GBP to USD Exchange Rate Drops from Weekly Highs on US Non-Farm Payrolls
Despite a lack of highly optimistic UK news in the past week, the British Pound to US Dollar (GBP/USD) exchange rate has seen firm gains and has even recovered much of the previous week’s losses due to concerns about uncertainty in the Federal Reserve outlook. The Fed’s tone was mixed last week, as it indicated it may not cut rates again for a while but stopped short of saying that its rate cut cycle had come to an...
CATEGORIES: Pound Dollar Forecasts
EUR to USD Exchange Rate Slips from Highs as Eurozone Data Continues to Paint Uncertain Picture
31 Oct 2019 at 1 PM - Written by Toni Johnson
STORY LINK EUR to USD Exchange Rate Slips from Highs as Eurozone Data Continues to Paint Uncertain Picture
While the Euro to US Dollar (EUR/USD) exchange rate has seen notable gains this week so far, the pair has slipped from its best levels today as investors are hesitant to keep buying the Euro amid a lack of strong domestic support. Still, the primary movement in the pair since last night has been a strong gain in response to the Federal Reserve’s uncertain tone on the US monetary policy outlook.
Since opening this week at the...
CATEGORIES: American Dollar Forecasts Euro Forecasts